BOUWONDERNEMING GEERTS PATRICK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOUWONDERNEMING GEERTS PATRICK
Largest movements
- Stocks and contracts -€339,214
down €339,214 (-77.2%), from €439,214 to €100,000
- Cash +€153,088
up €153,088 (+306%), from €50,066 to €203,154
mainly Stocks and contracts (+€339,214) and Net result for the year (+€49,665)
- Tangible fixed assets +€14,220
up €14,220 (+216%), from €6,598 to €20,818
of which Furniture and vehicles: +€18,471
- Debts after one year -€200,000
no longer reported in 2025 (was €200,000)
- Tax, wage and social debts -€45,864
down €45,864 (-74.0%), from €61,957 to €16,093
of which Taxes: -€45,398
- Reserves +€38,145
up €38,145 (+14.1%), from €271,423 to €309,568
of which Distributable reserves: +€38,145
- Trade debts +€24,307
up €24,307 (+2,834%), from €858 to €25,164
- Profit (loss) carried forward +€11,520
no longer reported in 2025 (was -€11,520)
- Gross operating margin +€41,563
up €41,563 (+121%), from €34,370 to €75,933
- Taxes +€16,192
up €16,192 (+10,185%), from €159 to €16,351
- Financial charges -€7,111
down €7,111 (-44.7%), from €15,897 to €8,786
- Depreciation -€3,975
down €3,975 (-67.4%), from €5,897 to €1,922
- Other operating charges +€1,043
up €1,043 (+124%), from €844 to €1,886
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,218 | €365,326 | -€171,892 | -32.0% |
| Fixed assets | 21/28 | €8,158 | €22,378 | +€14,220 | +174% |
| Tangible fixed assets | 22/27 | €6,598 | €20,818 | +€14,220 | +216% |
| Land and buildings | 22 | €3,253 | - | -€3,253 | |
| Plant, machinery and equipment | 23 | €1,443 | €444 | -€998 | -69.2% |
| Furniture and vehicles | 24 | €1,903 | €20,373 | +€18,471 | +971% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €529,059 | €342,948 | -€186,112 | -35.2% |
| Stocks and contracts in progress | 3 | €439,214 | €100,000 | -€339,214 | -77.2% |
| Stocks | 30/36 | €439,214 | €100,000 | -€339,214 | -77.2% |
| Amounts receivable within one year | 40/41 | €38,785 | €38,445 | -€340 | -0.9% |
| Trade receivables | 40 | €6,239 | €4,956 | -€1,284 | -20.6% |
| Other amounts receivable | 41 | €32,546 | €33,490 | +€944 | +2.9% |
| Cash at bank and in hand | 54/58 | €50,066 | €203,154 | +€153,088 | +306% |
| Deferred charges and accrued income | 490/1 | €994 | €1,348 | +€353 | +35.6% |
| Total equity and liabilities | 10/49 | €537,218 | €365,326 | -€171,892 | -32.0% |
| Equity | 10/15 | €274,403 | €324,068 | +€49,665 | +18.1% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €271,423 | €309,568 | +€38,145 | +14.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €251,023 | €289,168 | +€38,145 | +15.2% |
| Profit (loss) carried forward | 14 | -€11,520 | - | +€11,520 | |
| Amounts payable | 17/49 | €262,814 | €41,257 | -€221,557 | -84.3% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Financial debts | 170/4 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €62,814 | €41,257 | -€21,557 | -34.3% |
| Trade debts | 44 | €858 | €25,164 | +€24,307 | +2,834% |
| Suppliers | 440/4 | €858 | €25,164 | +€24,307 | +2,834% |
| Taxes, remuneration and social security | 45 | €61,957 | €16,093 | -€45,864 | -74.0% |
| Taxes | 450/3 | €61,491 | €16,093 | -€45,398 | -73.8% |
| Remuneration and social security | 454/9 | €465 | - | -€465 | |
| Non-recurring operating income | 76A | €30,000 | €25,751 | -€4,249 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,897 | €1,922 | -€3,975 | -67.4% |
| Other operating charges | 640/8 | €844 | €1,886 | +€1,043 | +124% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €34,370 | €75,933 | +€41,563 | +121% |
| Operating profit (loss) | 9901 | €27,629 | €71,855 | +€44,225 | +160% |
| Financial income | 75/76B | €2,774 | €2,947 | +€173 | +6.2% |
| Recurring financial income | 75 | €2,774 | €2,947 | +€173 | +6.2% |
| Financial charges | 65/66B | €15,897 | €8,786 | -€7,111 | -44.7% |
| Recurring financial charges | 65 | €15,897 | €8,786 | -€7,111 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €14,506 | €66,016 | +€51,509 | +355% |
| Income taxes | 67/77 | €159 | €16,351 | +€16,192 | +10,185% |
| Profit (loss) for the period | 9904 | €14,347 | €49,665 | +€35,317 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €14,347 | €49,665 | +€35,317 | +246% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.